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Formula:
I W
qN2
I qN1 W qN2 qN2
Where:
I qN1: Production index of the VSIC 1-digit sectors.
I qN2: Production index of the VSIC 2-digit division.
W qN2: Weight of the VSIC 2-digit divisions. Weight of the VSIC 2-
digit divisions is the value added at current price of the base
year 2015.
Step 5: Calculating production index of the whole industry
The production index of the whole industry is the weighted average
index of VSIC 1-digit sectors representing in the whole industry.
Fomula:
I W
I W qN1 qN1
qN1
Q
Where:
I Q: Production index of the whole industry.
I qN1: Production index of the VSIC 1-digit sectors.
W qN1: Weight of the VSIC 1-digit sectors. Weight of VSIC 1-digit
sectors is the value added at current price in 2015.
Industrial product is an indicator reflecting the direct results
generated by industrial production in a given period including industrial
physical products and services.
Industrial physical products are industrial products generated by
using working instruments acting upon object to turn the original mode of
materials into new products with new utilization value or products
explored from mines. Industrial physical products include: (1) Finished
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